By Marisa Wong
Morgantown, W.Va., Oct. 4 – Icici Bank Ltd. issued Rs. 4.75 billion of 8.55% subordinated perpetual additional tier 1 bonds on Wednesday.
The Basel III-compliant notes were issued at par on a private placement basis, according to a 6-K filing with the Securities and Exchange Commission.
The bonds will be listed in the wholesale debt market segment of BSE Ltd. or National Stock Exchange of India Ltd.
Icici Bank is based in Mumbai.
| Issuer: | Icici Bank Ltd.
|
| Issue: | Subordinated perpetual additional tier 1 bonds
|
| Amount: | Rs. 4.75 billion
|
| Maturity: | Perpetual
|
| Coupon: | 8.55%
|
| Price: | Par
|
| Yield: | 8.55%
|
| Allotment date: | Oct. 4
|
| Ratings: | Care: AA+
|
| ICRA: AA+ (hyb)
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
